Scottish Equity Partners raises £80m for new fund

Scottish Equity Partners, a Scottish private equity business, has raised £80m (€120m) for its new fund, SEP II, which will focus on early stage and emerging growth technology companies.

Having revised the fund size from £75m to £100m, the company expects the remaining £20m to be finalised within the next two months, existing SEP II investors already having committed a proportion of the balance.